Home Blogs Category: Tax and Life Changes

Category: Tax and Life Changes

Life changes and your taxes go hand in hand; believe it or not. That being said, it’s easy to forget about your tax return as a newlywed or when you’re welcoming a newborn into the family. Be aware that many of these changes also make you eligible for deductions and credits on your tax return. In some cases, you may need to update your W-4 form as well. PriorTax will keep you up to date on what to do when these life changes occur. You won’t be left in the dark.

Check back here for answers to your questions about how these changes affect your taxes.

 

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2025 tax withholding

2025 Tax Withholding and Your W-4

explore some tips for modifying your 2025 tax withholding

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Tax Cuts and Jobs Act

Good for Those Working From Home in 2025

With the anticipation of the expiration of the Tax Cuts and Jobs Act (TCJA), an important change may affect workers who spend part of their workweek at home

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property tax

How to Tax Deduct My Property Taxes in 2025?

The amount of property tax owed is determined by the specific regulations set by the local authorities in the area where the property is situated. Having a clear grasp

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Child Tax Credit in 2025

Dependents and Child Tax Credit and Benefits in 2025

Tax benefits and child tax credit in 2025 have the potential to lessen or completely eliminate your tax obligations greatly.

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Summer Tax Deduction

Summer Tax Deduction from Child Care and Child Activities during Summer Break

Intelligent tax deductions can help through flexible spending accounts and dependent care credits from summary time for Summer Tax Deduction

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Tax Deduct My Summer Moving Expenses?

Tax deduct your moving expenses associated, such as fuel, packing supplies, moving services, and insurance, etc.

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Recovery Rebate Tax Credit

RRC Recovery Rebate Tax Credit for a Limited Time Only

May 17th, 2024, is the last day to claim your 2020 Recovery Rebate Tax Credit

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missed tax

What to do When I Missed the Tax Deadline

Consider these approaches to complete your tax return and receive your refund promptly if you have missed your tax deadline.

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What to Consider For Tax Filing Extension in 2024?

Should you require additional time for tax preparation, consider utilizing PriorTax Free request for tax extension or complete and submit Tax Form

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2024 tax

2024 Tax on Digital Assets and Digital Transactions using Venmo and Crypto

Another year has come around, bringing with it the annual task of navigating the intricacies of the tax code. Once again, we are faced with the complexity of 2024 tax rules as we explore benefits such as tax breaks for electric vehicles, workarounds for SALT deductions, incentives for retirees, and a fresh filing system for eligible taxpayers.

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